![]() ![]() ![]() Sorare says it has over 600,000 registered users on the platform and has licensed players from over 180 professional clubs, including Real Madrid, Liverpool, Juventus, the French and German Football Federation. Both players as well as Chelsea captain César Azpilicueta and former Manchester United captain Rio Ferdinand also participated in the current round. In December 2020, Barcelona defender Gerard Pique joined the startup as a strategic advisor. “He's a real fan and brings me feedback on the scoring” ( Forbes has not received a confirmation from Griezmann’s team by press time). “Antoine, for instance, is playing the game on a regular basis,” Julia says. Notably, some of these players have interacted with Sorare’s platform first-hand, according to Julia. The most expensive cards, featuring star players like Cristiano Ronaldo and Antoine Griezmann, sell for nearly 100,000 EUR or more. ![]() In the case of Sorare, players trade and manage a team with digital cards in the form of unique digital assets, namely non-fungible tokens verifiable via the Ethereum blockchain. “I’ve personally joined the board,” he told Forbes in an exclusive interview, “which is something that I try not to do, but I'm just so motivated by Sorare’s potential and what it’s trying to build.”įounded in 2018, the French startup has quickly established a dominant presence in fantasy sports, the world of online games where users can assemble virtual teams of real players of a professional sport. The conglomerate has invested in multiple cryptocurrency startups, including Brazil’s largest crypto exchange Mercado Bitcoin and Peter Thiel-backed venture Bullish, and Claure has been taking an increasingly hands-on approach to managing his investments. It is this credo of ‘a game within a game’ that prompted SoftBank to lead the fundraise, according to Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group. However, the SoftBank Group is not only getting a piece of the company it is also placing its CEO, Marcelo Claure, on Sorare’s Board of Directors.Register today and meet all-star crypto and tax experts guaranteed to share insights and advice on how to navigate the often-confusing crypto tax landscape. SoftBank was not the only entity that invested in Sorare, as other organizations and individual soccer players participated in the round. For example, digital takes on collectible basketball cards, such as NBA Top Shot, have seen tremendous growth, surpassing $710 million in sales in just a year. NFTs have recently exploded in fields such as art, sports collectibles, and music. Sorare has signed players from over 180 soccer organizations, including Real Madrid, Liverpool, Juventus, and teams belonging to the French and German Football Federation. In the past year, its monthly active paying users grew 34x, and its quarterly sales increased 51x over the same period. ![]() Since January, the company has seen tremendous growth, with over $150 million worth of cards traded on the platform. So, for example, if Cristiano Ronaldo scores a goal in real life, he can score in the game, allowing players to earn more points.įurthermore, at the end of each week, they can also win additional NFTs and merchandise. To enter competitions, they don’t have to wager money or pay fees. Users can buy cards based on their favorite players and teams and then play with those cards in fantasy soccer competitions. It’s based on the real-life performance of the players, and through this game, fans can actually connect with the players and what’s happening in real life.” In an interview with VentureBeat, Thibaut Predhomme, head of operations at Sorare, explains the success behind the platform: “the magic happens at the intersection of collectibility and sports. Advertisements Related | Xtingles Launches The First Global ASMR NFT Marketplace Sorare will use the money to acquire new licenses for its NFT products and expand its staff team to open offices in the US. NFT fantasy soccer platform, Sorare, has raised a whopping $680 million in funding – the biggest Series B funding round for a European gaming company.Īs a result, the Paris-based online gaming platform, which currently has only 30 staff members, is now valued at an astounding $4.3 billion. NFT fantasy soccer platform, Sorare, has raised $680 million as part of a Series B funding led by SoftBank’s Vision Fund 2. ![]()
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